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Table 14-2 Quantity Total Revenue Total Cost 0 50 $11 1 10 16 2 20 22 3 30 29 4 40 37 5 50 46

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Table 14-2 Quantity Total Revenue Total Cost 0 50 $11 1 10 16 2 20 22 3 30 29 4 40 37 5 50 46 6 60 56 7 70 67 8 80 79 9 90 92 Refer to Table 14-2. At 1 unit of output, which statement is most accurate? TN -/ a) The firm is making a profit of $0. -/ b) The firm is making a loss of $16. o) ) The firm is making profit of $10. V d) The firm is making a loss of $6

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